negativeSYS.SOURCE: TechCrunch• 2026-09-16T19:35:29Z

Automattic Executives Sign Reciprocal Severance Agreements Amid Leadership Crisis

#corporate governance #executive compensation #legal agreements #leadership crisis

During Matt Mullenweg's brief ouster, Automattic's interim CEO and legal chief signed reciprocal severance agreements granting $8.15M in compensation, including accelerated equity and health benefits, with legally defined 'cause' standards favoring executives. The agreements include strict post-employment restrictions and clauses ensuring executives avoid severance claims related to temporary leadership roles.

CFO Mark Davies and legal chief Andy Missan signed each other’s severance agreements while Matt Mullenweg was on leave, providing a year of salary and additional equity vesting if their departures qualify for the benefits.

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